modefinserver remittance solution_capability

© ModeFinServer | www.modefinserver.com India | Kenya | Bahrain

ModeFinServer

m-Remittance Solution


ModeFinServer Solution Overview

Mobile Remittance platform will enables flexible remittance service offering enormous potential to open new business opportunities for banks. Your customers can send money securely and instantly from their comfort using mobile phones either:

From their bank account to the receiver’s account, or,

From their bank account to an unregistered customer, who collects the remittance in cash either at an authorized agent or, an ATM, or,

Send cash via an authorized agent, with the recipient also collecting cash at an authorized agent, or, at an ATM

The platform also supports an agent assisted remittance model wherein both sender and receiver may not have or use their mobile phones. These Remittance Agents make instant commissions, and their operation is fully managed by a feature advance Agent Management Module.


Eco-system


Remittance Features

Remittance Features

Person-to-Person domestic and international money transfer.

Capture of necessary sender identification information to facilitate Regulatory compliance and reporting.

Direct interfaces to OFAC, Anti-Money Laundering and internal Risk/Fraud engines.

Storing of sending and receiving data to enable repetitive transactions.

Receipt location summary information to assist agents and customers during initiation.

Summary and Detail reports for transaction and fee revenue reporting.

Multi-channel: agent (teller, call center), online banking, mobile.

Fixed and variable fee commission structures to support multiple pricing models


Benefits

Remittance Benefits

Funds can be transferred in real-time to enable quick and efficient receipt of funds in minutes

Administrative tools to help manage the straight-through

Flow of these remittance payments end-to-end

Flexible connectivity options with multiple remittance

Partners and banking networks – (Banks can partner with MFI’s , Exchange house

& Post Offices etc.)

Offers a broad array of payment methods for customer

choices in receiving funds: cash, account, cards, etc.

Operates in a global environment: cross-border, cross currency,

multi-lingual, etc

Expands the bank’s product set to reach a new and

expanding customer demographic transactions

© ModeFinServer| Money on Demand – Your Mode of Payment © ModeFinServer | www.modefinserver.com India | Kenya | Bahrain

#269, 8th Main, Rajiv Gandhi Nagar, Nandini Layout, Bangalore – 560096 Tel: +91 80 2318 6383 email: [email protected]

Your search for excellence in mCommerce and mPayment technology ends here.

[email protected]

For more details, contact ModeFinServer Team

https://www.facebook.com/ModeFinServer

https://www.linkedin.com/company/modefinserver-private-limited

https://twitter.com/modefinserver

https://www.facebook.com/ModeFinServer






https://twitter.com/modefinserver

modefinserver remittance solution_capability

Technology